Terry you're hilarious, what dont you get that the break even price is $50 per barrrel, with it at $81, AET make $31 or 38% profit per barrel.
Its cute that you keep trying to deflate the price of this on an Internet board rather than just going with the facts.
I dont know too much about the ins and outs of shares, so would be interested in other's takes.
Do you think that this investor company/person wanted a 25% stake, but there wasn't enough shares available for them to buy on the open market, so the company HAD to create more to get the deal done?
i understand we have all been diluted by 25%, as there are 25% more shares in play now, but were they created specifically for this one person to buy immediately.
Exactly, the fact that someone has taken a proper 25% stake shows they are expecting to leverage the product and get some returns in either financial or brand awareness; else you'd just sponsor.
No investor or large holder will let this be sold for 0.4x the annual revenues, not right now when its still being impacted by inflation and post-covid era. D bahn sold as they had debt elsewhere and needed to balance the books for the other operations.